Company Liquidation
Quick guide to Company Liquidation

What are your options as a director, if you are thinking of voluntarily liquidating your company?
The closure of a company can occur due to various circumstances, and it can either be a voluntary or compulsory process. If a creditor is forcing your company into liquidation or you have decided to wind-up your company affairs, our team of experts can provide you with the best advice on how to proceed. Regardless of whether your company is solvent or insolvent, liquidation is a complex process that requires the expertise of a licensed insolvency practitioner.
Our team of professionals has extensive experience in handling company closures and can guide you through the process with ease. We understand that this can be a challenging time for you, and we are committed to providing you with the support and guidance you need to make informed decisions. We will work closely with you to assess your company's financial situation and determine the best course of action. Our goal is to help you achieve the best possible outcome for your company and its stakeholders.
In summary, if you are facing the closure of your company, our team of experts is here to help. We will provide you with the guidance and support you need to navigate this challenging process and ensure that your company's closure is handled professionally and efficiently.
- We can offer a FREE confidential consultation to discuss your options
Voluntary Liquidation Options
Option 1
Creditors' Voluntary Liquidation (CVL)
- A Creditors' Voluntary Liquidation, commonly known as CVL, is a formal process that marks the end of an insolvent company. This process can only be initiated under the guidance of a licensed insolvency practitioner, who is appointed as the liquidator.
During a CVL, the company's assets are sold off to pay off its debts, and any remaining funds are distributed among the creditors. This process is initiated voluntarily by the company's directors, who recognize that the company is no longer viable and cannot continue to operate.
Option 2
Members' Voluntary Liquidation (MVL)
- A Members' Voluntary Liquidation (MVL) is a formal process that is initiated to wind up the affairs of a solvent company. A solvent company is one that has more assets than liabilities and can, therefore, pay off all its debts. The MVL process involves the members of the company and their appointed Insolvency Practitioner.
During an MVL, the company's assets are sold, and the proceeds are used to pay off any outstanding debts. Any remaining funds are then distributed among the company's shareholders.